Rhumbline Advisers cut its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS – Free Report) by 21.4% in the 1st quarter, Holdings Channel reports. The firm owned 51,575 shares of the technology company’s stock after selling 14,047 shares during the period. Rhumbline Advisers’ holdings in Vipshop were worth $809,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Daiwa Securities Group Inc. lifted its stake in Vipshop by 5.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company’s stock valued at $349,000 after purchasing an additional 1,400 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Vipshop by 3.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 44,100 shares of the technology company’s stock valued at $594,000 after purchasing an additional 1,500 shares during the last quarter. Aviva PLC lifted its stake in Vipshop by 1.0% during the fourth quarter. Aviva PLC now owns 261,100 shares of the technology company’s stock valued at $3,517,000 after purchasing an additional 2,500 shares during the last quarter. Financial Counselors Inc. lifted its stake in Vipshop by 17.8% during the fourth quarter. Financial Counselors Inc. now owns 20,507 shares of the technology company’s stock valued at $276,000 after purchasing an additional 3,095 shares during the last quarter. Finally, Vinva Investment Management Ltd lifted its stake in Vipshop by 23.0% during the fourth quarter. Vinva Investment Management Ltd now owns 23,952 shares of the technology company’s stock valued at $318,000 after purchasing an additional 4,472 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.
Vipshop Stock Performance
Vipshop stock opened at $14.85 on Friday. The company has a 50 day moving average price of $14.11 and a 200 day moving average price of $14.41. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $17.94. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 7.78, a P/E/G ratio of 2.51 and a beta of 0.57.
Wall Street Analyst Weigh In
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Vipshop Profile
Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.
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